To implement the Digital Asset Business Operation Emergency Decree B.E. 2561, the Securities and Exchange Commission (“SEC”) issued 4 notifications on 7th June 2018 and 4 notifications on 3rd July 2018. Some of their major principles are discussed below. Inclusion of Cryptocurrencies as Digital Tokens Cryptocurrencies are deemed digital tokens if they are issued for… Read More
On Wednesday 11th July 2018, the SME and Legal Committees of the American Chamber of Commerce (AMCHAM) in Thailand organized a dinner briefing on Thailand’s new work permit law. Our Managing Partner, Kowit Somwaiya, participated in the event as one of the 3 panelists. He handed out a QR Code for presentation slides. Click the… Read More
On 10th July 2018, the Cabinet approved in principle the draft of the Private Asset Management Act as proposed by the Ministry of Finance. The key elements of the draft are as follows: 1. A trust as a legal relationship between its trustor, trustee, and beneficiary will be allowed under the Act. 2. A trust… Read More
On 25th June 2018, the Department of Intellectual Property of Thailand (“DIP”) disclosed that during the period of 9 months from September 2017 to May 2018, the DIP has been working cooperatively with the Ministry of Digital Economy and Society (“MDES”) to suppress the dissemination and to remove some online IP-infringing contents under Section 20(3)… Read More
During 20-22 June 2018, the Judicial Colloquium on Civil and Criminal IP Infringement Cases was held in Bangkok, Thailand. The event was jointly organized by USPTO Global Intellectual Property Academy and the ASEAN Secretariat. On the first day of the forum, Kowit Somwaiya, Managing Partner and Founder of LawPlus Ltd., spoke on the topic of… Read More
Thailand promotes investments by granting tax and non-tax incentives to Thai and non-Thai investors who are manufacturers and service providers of promotion eligible business activities. 1. Major Governing Legislations (1) Investment Promotion Act B.E. 2520 (A.D. 1977) as amended by the Investment Promotion Act (No. 2) B.E. 2534 (A.D. 1991) and the Investment Promotion Act… Read More